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Bank Strike Called Off After After Positive Discussion Among Authorities

Bank Strike Called Off After After Positive Discussion Among Authorities

Bank unions like All India Bank Officer’s Confederation (AIBOC), All India Bank Officer's Association (AIBOA) Indian National Bank Officer's Congress (INBOC) and National Organisation Of Bank Officers (NOBO) had recently given a strike notice to the chairman of Indian Bank Association which is located in Cuffe Parade's World Trade Centre.

The strike was going to take place on September 26 and 27, however, as the next day i.e. September 28 is the 4th Saturday of the month followed by a Sunday, the banks will be closed for 4 days. In a recent meeting that was held by the authorities, the unions have decided that they will call off the strike after a positive discussion that took place. 

Also Read: Banks To Go On A Strike On September 26 And 27

Following were the demands that were put forth by the unions: 

1. Expeditious Wage revision as per Charter of Demands, with an unconditional and clear Mandate from all banks. 

2. Immediate introduction of 5 day week in full, Reduction of cash transaction hours and regulated working hour.

3. Halting of undue interference in the existing procedure of Vigilance cases by outside agencies, under provisions of amendedSec.17(A) of Prevention of Corruption Act, 2018.

4. Settlement of issues pertaining to retirees-Updation of Pension as per RBI formula/Revision of Family Pension without any ceiling, quantum and percentage; Medical Insurance at par with serving employe.

5. Adequate recruitment

6. Scrapping NPS and reintroduction of Defined Pension Payment Scheme.

7. Reduction of service charges for customers

8. Stopping of harassment of Officers under specious plea of non-performance.

Also Read: Banks Will Now Pay You ₹100 Per Day For A Failed E-Payment

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